501, Paloma 3
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, Paloma 3
What is 501 worth today?
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Source: Dubai Land Department. Updated 17 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,443 sqft
- Floor
- 5th of 38
- Parking
- P2 - 2321
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 28,600 /yr
- Last sold
- AED 2.73M · May 2024
- Building
- Paloma 3
About 501, Paloma 3
501 is a two-bedroom apartment of 1,443 sqft on the 5th floor of Paloma 3, a 38-storey tower in Dubai Marina completed in 2008 by Emaar. It last sold on 17 May 2024 for AED 2,725,000, or AED 1,888 per sqft, 6% below the AED 2,013 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 12 February 2024, is AED 165,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 28,600 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Paloma 3, and where 501 sits
All 74 2-beds →501 last sold in May 2024 at AED 1,888 per sqft, 6% below what two-beds in Paloma 3 were fetching at the time (AED 2,013). Over the last 12 months two-beds sold for AED 3,100,000 to 4,300,000, around AED 2,283 per sqft, and rent for AED 49,852 to 235,000 a year. 501's AED 165,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202624 July 2026 | 1,443 sqft | 13,934 | 9 | ||
| 14 Jul 202614 July 2026 | 1,664 sqft | 3,800,000 | 2,283 | ||
| 2 Jul 20262 July 2026 | 1,443 sqft | 3,700,000 | 2,564 | ||
| 2 Apr 20262 April 2026 | 1,627 sqft | 3,700,000 | 2,274 |
Paloma 3
Building181 apartments, studios to 3-bed over 38 floors in Dubai Marina, completed in 2008 by Emaar. 11 sold in the last 12 months.
- Typical price per sqft
- AED 2,283 Down 1.3%
- Typical sale
- AED 3.7M
- Typical rent
- AED 120K /yr
- Typical yield
- 4.7%
Other units on the 5th floor
All 181 units in Paloma 3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,098 sqft | AED 3.13MAED 3,126,534 · Nov 2011November 2011 | 200,000 /yr | |
| 503 | 2-bed | 1,664 sqft | AED 2.3MAED 2,300,000 · Sep 2020September 2020 | 170,000 /yr | |
| 504 | 1-bed | 891 sqft | AED 1.88MAED 1,880,000 · Oct 2023October 2023 | 110,000 /yr | |
| 505 | 1-bed | 1,036 sqft | AED 1.58MAED 1,575,000 · Oct 2022October 2022 | 140,000 /yr |
501, Paloma 3 in numbers
- Sold twice: first on 26 July 2009 for AED 648,444, last on 17 May 2024 for AED 2,725,000 (AED 1,888 per sqft).
- Rented since January 2018 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 118,000 in 2021 and recovered to AED 165,000 by February 2024.
- At AED 165,000 a year the gross yield on the 2024 price is 6.1%, before a service charge of about AED 28,600 a year (AED 19.81 per sqft).
- Two-beds in Paloma 3 sold for AED 3,100,000–4,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,283 per sqft.
Source: Dubai Land Department. Updated 17 May 2024.
Questions about 501, Paloma 3
What did unit 501 last sell for?
AED 2,725,000 on 17 May 2024: AED 1,888 per sqft for 1,443 sqft. The unit has 2 registered sales; the first was AED 648,444 in July 2009.
What is the rent for unit 501?
AED 165,000 a year on the contract signed on 12 February 2024. The previous contract, from February 2024, was AED 165,000; the unit has been rented since January 2018.
How big is unit 501?
1,443 sqft (134.1 sqm): a two-bedroom apartment on the 5th floor of a 38-storey tower completed in 2008.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Paloma 3 sold for AED 3,100,000 to 4,300,000 in the last 12 months, around AED 2,283 per sqft.
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Mortgage on 501, Paloma 3
Starts from the last sale price (AED 2.73M, 17 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,725,000
- Deposit, UAE resident (20%)
- AED 545,000
- Deposit, non-resident (40%)
- AED 1,090,000
- Monthly over 25 years at 3.7%
- AED 11,149
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →